Common use of Description of Service and Consent Clause in Contracts

Description of Service and Consent. You can deposit checks to some Varo Products (as disclosed in specific Product Terms) at no cost remotely using the App by taking a legible picture of the front and back of the negotiable check(s) and transmitting images of such instruments to us in compliance with our requirements ("Check Image(s)"). If the Check Image is accepted for deposit, we will notify you electronically. The Bank will then attempt to collect the item by presenting the image or converting the image into a digital representation of the original check ("Electronic Check"). Checks deposited via the App on any business day by 4:00 PM MST will be accepted or rejected by 11:59 PM MST of the following business day. Checks deposits will not be accepted by mail or by any other means other than the Mobile Check Deposit feature of the App. We will determine your eligibility for Mobile Check Deposit and any limits on the dollar amount or number of deposits you may make, at our sole discretion. We may change, modify, add, or remove functionality from Mobile Check Deposit at any time for any reason including through a review of your activity with Varo, with or without notice to you. We will determine the manner in which Electronic Checks are cleared, presented for payment and deposited, at our sole discretion. Notwithstanding anything to the contrary in any agreement or representation between you and Varo (including any Product Terms), by using Mobile Check Deposit, you agree that the deposits submitted using Mobile Check Deposit are not subject to the funds availability requirements of Federal Reserve Board Regulation CC. Funds from deposits made via Mobile Check Deposit generally are made available before the seventh business day following the day the deposit was accepted; however, we may release funds to you earlier (in full or in part) based on any other factors as determined by us in our sole discretion. We may also, at our discretion, apply additional delays on the availability of funds based on any other factors as determined by us in our sole discretion. We may also return or refuse to accept all or any part of a deposit to your account using Mobile Check Deposit at any time and will not be liable for doing so even if such action causes outstanding checks or other debits to your account to be dishonored and returned. Finally, you are hereby notified and agree that ▇▇▇▇ retains the right to revoke credit, charge back, or otherwise obtain refund for any credit made to you with respect to any Mobile Check Deposit in the event Varo fails by reason of dishonor, suspension of payments by a bank, or otherwise to receive settlement for that item submitted through Mobile Check Deposit.

Description of Service and Consent. You can deposit checks to some Varo Products (as disclosed in specific Product Terms) at no cost remotely using the App by taking a legible picture of the front and back of the negotiable check(s) and transmitting images of such instruments to us in compliance with our requirements ("Check Image(s)"). If the Check Image is accepted for deposit, we will notify you electronically. The Bank will then attempt to collect the item by presenting the image or converting the image into a digital representation of the original check ("Electronic Check"). Checks deposited via the App on any business day by 4:00 PM MST MT will be accepted or rejected by 11:59 PM MST MT of the following business day. Checks deposits will not be accepted by mail or by any other means other than the Mobile Check Deposit feature of the App. We will determine your eligibility for Mobile Check Deposit and any limits on the dollar amount or number of deposits you may make, at our sole discretion. We may change, modify, add, or remove functionality from Mobile Check Deposit at any time for any reason including through a review of your activity with Varo, with or without notice to you. We will determine the manner in which Electronic Checks are cleared, presented for payment and deposited, at our sole discretion. Notwithstanding anything to the contrary in any agreement or representation between you and Varo (including any Product Terms), by using Mobile Check Deposit, you agree that the deposits submitted using Mobile Check Deposit are not subject to the funds availability requirements of Federal Reserve Board Regulation CC. Funds from deposits made via Mobile Check Deposit generally are made available before the seventh business day following the day the deposit was accepted; however, we may release funds to you earlier (in full or in part) based on any other factors as determined by us in our sole discretion. We may also, at our discretion, apply additional delays on the availability of funds based on any other factors as determined by us in our sole discretion. We may also return or refuse to accept all or any part of a deposit to your account using Mobile Check Deposit at any time and will not be liable for doing so even if such action causes outstanding checks or other debits to your account to be dishonored and returned. Finally, you are hereby notified and agree that ▇▇▇▇ retains the right to revoke credit, charge back, or otherwise obtain refund for any credit made to you with respect to any Mobile Check Deposit in the event Varo fails by reason of dishonor, suspension of payments by a bank, or otherwise to receive settlement for that item submitted through Mobile Check Deposit.